Company Update: Hewlett-Packard Company (NYSE:HPQ) – Will HP Need More Than Its Dividend to Keep Investors?

[at TheStreet] – It may be time to play ‘dividend capture’ with the newly split HP unless you have the stomach to hang on. Read more on this. HP Inc. (HPQ) , currently valued at $19.33B, started trading this morning at $11.15. Looking at today’s market, HPQ one day range is $11.12 to $11.31 with its 52-week range being $8.91 to $16.17. Hewlett-Packard (HPQ) shares are currently priced at 6.99x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 7.17x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.50 per share annually in dividends, yielding 4.64%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $0.38 per share, which would be $0.49 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $1.59, which would be a $1.59 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.80 Billion. If reported, that would be a 53.63% decrease over the year-ago quarter. More recently, Wells Fargo downgraded HPQ from Outperform to Market Perform (Jan 7, 2016). Previously, FBN Securities Initiated HPQ at to Sector Perform. When considering if the stock is under or overvalued, the average price target is $13.43, which is 20.45% above where the stock opened this morning. See more in (NYSE:HPQ) Similar Articles: Market Update: Hewlett-Packard Company (NYSE:HPQ) – Investors Should Catch HP Before It Rebounds Market Update: Hewlett-Packard Company (NYSE:HPQ) – Hewlett-Packard Rises On Inline Results, Job Cuts (HPQ) Market Update: Hewlett-Packard Company (NYSE:HPQ) – Inside Hewlett-Packard’s PC and printer gamble